Stimulus Update Small Business

With 660 billion allocated to it by congress ppp is the big dog of the small business aid programs.

Stimulus update small business. With the recent passing of a 900 billion stimulus bill by congress individuals and small businesses that continue to be impacted by the covid 19 pandemic may soon. Help for small business ken klein oaaa executive vice president government affairs congress is set to pass another covid relief package that will reauthorize and replenish emergency loan and grant programs for small businesses that continue to endure hardship as a result of the pandemic. It s managed by the small business administration and the treasury department though the.

President elect biden has called the most recent stimulus package a down payment and vows to push for more funding for vaccine distribution reopening schools struggling small businesses and more. The agreement sets aside 285 billion for additional loans to small businesses under the paycheck protection program renewing the program created under the initial stimulus legislation. So does the new 916 billion proposal from the white house albeit in.

For the latest information on the recent stimulus package register here for our third small business update event which will take place on tuesday january 19 at 2 p m. The proposed 908 billion stimulus includes measures to aid the unemployed small businesses and state and local governments.